Tag Archives: crony capitalism

We urge close consideration of the above Moyers interview with Mike Lofgren, concerning the ongoing plunder of the American economy by an entrenched network of cronies that Lofgren calls “the Deep State”. The interview is supplemented by a Lofgren essay that provides a concise summary of his core analysis, which we have excerpted below:

Winwood Reade’s “universal history”, titled The Martyrdom of Man, was published in 1872 and is available online here. The passage cited by Lofgren reads as follows:

WASHINGTON BELTWAY

Returning to Lofgren:

FIDDLER BY THE FIRE

UNCOMFORTABLE EXPOSURE

Such a figure exists, but he is presently without passport, living in exile.

RECENT UNRAVELLING OF A CRONY STATE

Winwood Reade describes the apex of empire in a passage directly following the one cited by Lofgren: